Salesforce, Inc. (NYSE:CRM) COO Sells $1,168,712.00 in Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 4,204 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Brian Millham also recently made the following trade(s):

• On Monday, April 22nd, Brian Millham sold 5,801 shares of Salesforce stock. The stock was sold at an average price of $279.10, for a total value of $1,619,059.10.
• On Monday, April 1st, Brian Millham sold 24,453 shares of Salesforce stock. The stock was sold at an average price of $302.08, for a total value of $7,386,762.24.
• On Monday, March 25th, Brian Millham sold 1,679 shares of Salesforce stock. The shares were sold at an average price of $305.46, for a total value of $512,867.34.
• On Friday, March 22nd, Brian Millham sold 14,516 shares of Salesforce stock. The shares were sold at an average price of $309.32, for a total value of $4,490,089.12.
• On Thursday, February 22nd, Brian Millham sold 14,517 shares of Salesforce stock. The shares were sold at an average price of $292.50, for a total value of $4,246,222.50.

Salesforce Trading Up 0.4 %

Shares of Salesforce stock opened at $274.21 on Friday. The stock has a market cap of $265.98 billion, a P/E ratio of 65.29, a P/E/G ratio of 2.12 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $295.97 and its 200-day simple moving average is $263.90. Salesforce, Inc. has a 1-year low of $190.76 and a 1-year high of $318.71.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. Analysts predict that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce’s payout ratio is presently 9.52%.

Institutional Trading of Salesforce

Institutional investors have recently made changes to their positions in the company. Graypoint LLC increased its position in shares of Salesforce by 0.3% during the fourth quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock worth $2,764,000 after acquiring an additional 36 shares during the period. Chase Investment Counsel Corp increased its position in shares of Salesforce by 0.3% during the fourth quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after acquiring an additional 36 shares during the period. JFS Wealth Advisors LLC increased its position in shares of Salesforce by 11.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock worth $93,000 after acquiring an additional 36 shares during the period. Opes Wealth Management LLC increased its position in shares of Salesforce by 2.9% during the fourth quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock worth $341,000 after acquiring an additional 37 shares during the period. Finally, Prentice Wealth Management LLC increased its position in shares of Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock worth $604,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CRM. Wolfe Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Salesforce in a research report on Tuesday, April 16th. Robert W. Baird increased their target price on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. StockNews.com cut Salesforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price objective (up previously from $325.00) on shares of Salesforce in a research report on Friday, April 12th. Finally, BMO Capital Markets raised their price objective on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $310.61.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.